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K2 Gold Commences 2017 Exploration Program at Wels Gold Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2017) - K2 Gold Corporation ("K2" or the "Company") (TSX VENTURE:KTO) is pleased to announce that field prep
About this update from K2 Gold Corporation
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2017) - K2 Gold Corporation (\"K2\" or the \"Company\") (TSX VENTURE:KTO) is pleased to announce that field preparations have commenced for a Phase 1 exploration program at the Wels Gold Property, and a diamond drilling program is anticipated to begin on or around June 6, 2017. The Wels Property is located in west-central Yukon Territory in the Traditional Territory of White River First Nation (\"WFRN\"), approximately 45 kilometers east of Beaver Creek and 185 kilometers south of Dawson City (the \"Wels Property\"). It is a new gold discovery within the highly prolific 'Tintina Gold Belt' and exhibits characteristics of a reduced 'Intrusion Related Gold System' (\"IRGS\") similar to the multi-million ounce Fort Knox (Kinross) and Dublin Creek deposits (Victoria Gold). Exploration program map of the Wels Property As previously disclosed in August 2016, the Company entered into an agreement with Gorilla Minerals Corp. (\"Gorilla\") which provides the Company with the option to acquire a 90% interest (subject to an existing 3% NSR) in the Wels Property. The Wels Property (total area 47.5km2) was staked in 2011 and to date only approximately 1km2 of the prospective area has undergone any significant exploration (soil, trench-rock sampling and diamond drilling). No work was undertaken at the Wels Property during 2016. Highlights of previous work between 2011 and 2015 at the Wels Property include: Drilling - A five-hole 442 metre diamond drill program in 2015 returned gold mineralization in all holes. Hole DDH01 recorded 0.76 g/t Au over 97.5m, including 19.50 m of 3.11 g/t Au starting at 31.5m. The holes were drilled at 90 degrees to the mineralized structure in the Saddle Zone area and the true width is estimated at 80% of intersected intervals. The five holes were drilled in an extremely limited area of approximately 100m x 100m and were located to only test the depth extent of high grade rock samples seen at surface in trenches and by no means tested the full extent of the Au-As soil anomaly which currently measures approximately 1,800m east-west by 400m north-south. Trenching - 155 metres of trenching including T14-01 4.53 g/t Au over 11.00m, T14-02 8.8 g/t Au over 45.00m and T14-03 3.04 g/t over 10.50m. Soil Sampling - 1,658 soil samples have been collected over a limited area...